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Valeant completes acquisition of B&L, cuts 200 jobs

Rochester Business Journal
August 6, 2013

Bausch & Lomb Inc. employees officially became Valeant Pharmaceuticals International Inc. employees Tuesday, with 200 given layoff notices and another 200 to lose their jobs by early next year, officials said.

Representatives from the state Department of Labor were dispatched by Gov. Andrew Cuomo to Rochester for re-employment sessions beginning Wednesday at the eye-care company, Cuomo’s office said.

The first 200 to be laid off were given the option to leave immediately or stay through Friday, officials said. Another 200 jobs are expected to be cut by early 2014.

“In New York, we have a strong history of standing behind any individual faced with a devastating loss,” Cuomo said in a statement. “Whether it’s a natural disaster or the loss of a job, we will be there for every New Yorker.

“The state’s rapid response team will work with every worker impacted by today’s news to offer them hope and available job openings in their area to help them reconnect to new employment as quickly as possible.”

Labor Department personnel will work with affected workers to find job opportunities, assess skills needed for job vacancies, offer training and provide information on unemployment benefits, the statement said.

Quebec-based Valeant announced Tuesday the acquisition of Bausch & Lomb Holdings Inc. has been completed.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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